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Seated (left to right): WBA Vice Chair Mark Meloy, First Business Bank, Madison; WBA Chair-Elect David Werner, Park Bank, Milwaukee; WBA Chair Frederick Siemers, River Cities Bank, Wisconsin Rapids; and WBA Past Chair Cynthia Erdman, Partnership Bank, Tomah. Standing (left to right): Scot Thompson, Denmark State Bank; Christopher Del Moral-Niles, Associated Bank, Green Bay; Sang Kim, Wells Fargo, Milwaukee; departing member Thomas Jensen, 1st National Bank of Berlin; Stan Leedle, Choice Bank, Oshkosh; departing member David Schuelke, Spring Bank, Brookfield; departing member James Mayo, Security Financial Bank, Durand; departing member Douglas Martin, Livingston State Bank, Platteville; Scott Kopp, Bank of Galesville; Mary Bomkamp, Highland State Bank; Ken Thompson, Capitol Bank, Madison; departing member Charlie Schmalz, East Wisconsin Savings Bank, Kaukauna; and Tom Van Pelt, Citizens State Bank, Hudson.

 

The Wisconsin State Legislature is the middle of an extended debate over the 2017-2018 State Budget. WBA is seeking an amendment to the budget that would exempt from income tax revenue generated from commercial and agricultural loans under $10 million. With the full WBA Board of Directors in Madison for the installation ceremony for the 2017-2018 Board, we took this opportunity to head to the state Capitol to show how meaningful this change would be for economic development in Wisconsin.

In addition to the Board, several committee chairs and liaisons participated in this “mini Capitol Day.” In 90 minutes, WBA met with members of legislative leadership, Joint Finance Committee co-chairs, and chairs of the banking committees. Specifically, WBA met with:

  • Assembly Speaker Robin Vos (R-Rochester)
  • Assembly Majority Leader Jim Steineke (R-Kaukauna)
  • Assembly Finance Co-Chair John Nygren (R-Marinette)
  • Assembly Finance Vice-Chair Dale Kooyenga (R-Brookfield)
  • Assembly Financial Institutions Chair Terry Katsma (R-Oostburg)
  • Senate Finance Co-Chair Alberta Darling (R-River Hills)
  • Senate Financial Services Chair Dave Craig (R-Big Bend)

The Access to Better Credit budget amendment would be an economic boost for the state. It could generate as much as $250 million in additional lending capacity per year in Wisconsin. This would also bring the industry closer to tax parity with our not-for-profit bank competitors.

Thank you to all who could join us at the Capitol to reinforce our message to these key officials!